It seems investors are getting their hands on a lot of silver, which surpassed the $30 mark last week. The Royal Canadian Mint (RCM) is limiting sales of 2013 Silver Maple Leaf (SML) bullion coins, while the United States Mint has suspended sales … [Read more...]

The government of India announced Monday that it is increasing the import duty on gold and platinum by two percent from four percent to six percent immediately, local news outlets reported.
The purpose of the measure to curb the amount of precious … [Read more...]

Since the start of 2013, sales of gold and silver coins have surged in the United States because investors are seeking to protect their wealth and investments from a possible economic collapse, runaway inflation and potential default on the nation’s … [Read more...]

Last spring, the Illinois state legislature introduced SB3341 “Precious Metal Purchasing Act,” a bill that would require the registration and even tracking of all purchases of precious metals. The legislation would order a person to obtain proof of … [Read more...]

The German daily Handelsblatt reported Tuesday that the Bundesbank, the nation’s central bank, will be withdrawing billions in gold held at the New York Federal Reserve, Bank of England and the Banque de France. The purpose is to deposit more of its … [Read more...]

In an Official Monetary and Financial Institutions Forum (OMFIF) report commissioned by the World Gold Council (WGC), it was projected that demand for gold would likely rise in 2013 as the world shifts toward a multi-currency reserve system due to … [Read more...]

Since the idea of minting a $1 trillion platinum coin to evade the debt ceiling has been officially rejected, there has been another concept floating around to sell a portion of the Treasury’s 261.5 million ounces of gold in Fort Knox, Kentucky. With … [Read more...]